FXTechstrategy Team: Forex Analysis

[FXTechstrategy Team]

EURUSD Remains On Third Consecutive Day Of Gain

EURUSD remains on third consecutive day of bullish offensive as the pair eyes more strength. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, EURUSD continues to threaten further upside pressure.

 

[FXTechstrategy Team]

GBPJPY Targets 147.19 Resistance Zone On More Recovery

GBPJPY targets 147.19 resistance zone on more correction. On the downside, support comes in at the 146.00 level where a violation will aim at the 145.50 level. A break below here will target the 145.00 level followed by the 144.50 level. Conversely, resistance is seen at the 147.00 level followed by the 147.50 level. A cut through that level will set the stage for a move further higher towards the 148.00 level. Further out, resistance resides at the 148.50 level. Its daily RSI is bearish and pointing lower suggesting more gain. All in all, GBPJPY targets 147.19 resistance zone on more recovery.

 

[FXTechstrategy Team]

GBPJPY Targets 147.19 Resistance Zone On More Recovery

GBPJPY targets 147.19 resistance zone on more correction. On the downside, support comes in at the 146.00 level where a violation will aim at the 145.50 level. A break below here will target the 145.00 level followed by the 144.50 level. Conversely, resistance is seen at the 147.00 level followed by the 147.50 level. A cut through that level will set the stage for a move further higher towards the 148.00 level. Further out, resistance resides at the 148.50 level. Its daily RSI is bearish and pointing lower suggesting more gain. All in all, GBPJPY targets 147.19 resistance zone on more recovery.

 

[FXTechstrategy Team]

EURUSD Turns Off Lower Prices With Eyes On Upside

EURUSD turns off lower prices with eyes on upside pressure. This has opened the door for more gain in the days ahead. Support comes in at the 1.1150 where a violation will turn risk to the 1.1100 level. A break below here will target the 1.1050 level. Further down, support sits at the 1.1000. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, EURUSD turns off lower prices with eyes on upside pressure on correction.

 

[FXTechstrategy Team]

GOLD Recovery Threats Remain Intact Despite Price Hesitation

GOLD recovery threats remain intact despite price hesitation during Monday trading session. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure targeting the 1,240.00 level. Conversely, resistance resides at the 1,290.00 level. Further out, resistance resides at the 1,300.00 level where a break will aim at the 1,310.00 level. A turn above there will expose the 1,320.00 level. Further out, resistance stands at the 1,330.00 level. All in all, GOLD recovery threats remain intact though facing price hesitation.

 

[FXTechstrategy Team]

EURGBP Looks To Extend Gain On Price Reversal

EURGBP looks to extend gain on price reversal following its strong rally the past week. On the downside, support stands at the 0.8600 level where a violation will turn focus to the 0.8550 level. A break below here will aim at the 0.8500 level. Conversely, resistance lies at the 0.8650 level. A violation if seen will turn risk towards the 0.8700 level. Further up, resistance comes in at 0.8750 level followed by the 0.8800 level. Its weekly RSI is bullish and pointing higher suggesting further upside pressure. All in all, EURGBP looks to extend gain on price reversal after its past week rally.

 

[FXTechstrategy Team]

EURUSD Outlook Still Points Higher On Recovery

EURUSD outlook still points higher on recovery as we enter a new week. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, EURUSD outlook still points higher on recovery.

 

[FXTechstrategy Team]

USDCHF Targets Further Weakness On Bear Pressure

USDCHF targets further weakness on bear pressure as it sold off during Monday trading session. Resistance resides at the 1.0100 level. Above here, resistance lies at the 1.0150 level and then the 1.0200 level. Further out, resistance comes in at the 1.0250 level. On the downside, support is seen at the 1.0000 level. A turn below here will set the stage for more decline towards the 0.9950 level. And then the 0.9900 level. Further down, support resides at the 0.9850 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF targets further weakness on bear pressure.

 

[FXTechstrategy Team]

GBPUSD Retains Its Downside Pressure On Further Weakness

GBPUSD retains its downside pressure on further weakness. Support lies at 1.2850 as it look for more weakness. Below that level will open the door for more decline towards 1.2800 level. Further down, support comes in at the 1.2750 level where a break will turn focus to the 1.2700 level. Further down, support lies at the 1.2650 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance stands at the 1.2950 with a turn above here allowing for additional strength to build up towards the 1.3000 level. Further out, resistance stands at the 1.3050 level followed by the 1.3100 level. On the whole, GBPUSD retains its downside pressure on further weakness.

 

[FXTechstrategy Team]

EURUSD Outlook Remains Lower In The Short Term

EURUSD outlook remains lower in the short term as we look for more decline to occur. Support comes in at the 1.1150 where a violation will turn risk to the 1.1100 level. A break below here will target the 1.1050 level. Further down, support sits at the 1.1000 level. Its daily RSI9 is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance resides at 1.1200 level with a break through there opening the door for further upside towards the 1.1.1250 level. Further up, resistance comes in at the 1.1300 level where a violation will expose the 1.1350 level. All in all, EURUSD outlook remains lower in the short term.

 

[FXTechstrategy Team]

EURGBP Sees Additional Price Strength On Bull Pressure

EURGBP sees additional price strength on bull pressure following its recent strength. On the downside, support stands at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break below here will aim at the 0.8600 level. Conversely, resistance lies at the 0.8800 level. A violation if seen will turn risk towards the 0.8850 level. Further up, resistance comes in at 0.8900 level followed by the 0.8950 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, EURGBP remains biased to the upside on further recovery.

 

[FXTechstrategy Team]

EURUSD Broader Bias Remains Lower Towards The 1.1109 Support Zone

EURUSD broader bias remains lower towards the 1.1109 support zone. Support comes in at the 1.1050 where a violation will turn risk to the 1.1000 level. A break below here will target the 1.0950 level. Further down, support sits at the 1.0900. more decline. Its weekly RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance resides at 1.1200 level with a break through there opening the door for further upside towards the 1.1.1250 level. Further up, resistance comes in at the 1.1300 level where a violation will expose the 1.1350 level. All in all, EURUSD broader bias remains lower towards the 1.1109 support zone.

 

[FXTechstrategy Team]

GOLD Looks To Decline Further On Medium Term Bear Pressure

GOLD looks to decline further on medium term bear pressure following its lower close the past week. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure targeting the 1,240.00 level. Conversely, resistance resides at the 1,290.00 level. Further out, resistance resides at the 1,300.00 level where a break will aim at the 1,310.00 level. A turn above there will expose the 1,320.00 level. Further out, resistance stands at the 1,330.00 level. All in all, GOLD looks to decline further on medium term bear pressure.

 

[FXTechstrategy Team]

GBPJPY Remains Bearish With Eyes On 138.50 Zone

GBPJPY remains bearish with eyes on 138.50 zone following its recent weakness. On the downside, support comes in at the 138.50 level where a violation will aim at the 138.00 level. A break below here will target the 137.50 level followed by the 137.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance is seen at the 139.50 level followed by the 140.00 level. A cut through that level will set the stage for a move further higher towards the 140.50 level. Further out, resistance resides at the 141.00 level. All in all, GBPJPY remains with eyes on 138.50 zone as we expect more weakness.

 

[FXTechstrategy Team]

USDCHF Closed Lower On Bearish Pressure

USDCHF closed lower on bearish pressure the past week, opening the door for more decline. Resistance resides at the 1.0050 level. Above here, resistance lies at the 1.0100 level and then the 1.0250 level. Further out, resistance comes in at the 1.0150 level. On the downside, support is seen at the 1.0000 level with a turn below here setting the stage for more decline towards the 0.9950 level. And then the 0.9900 level. Further down, support resides at the 0.9850 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF targets further recovery on correction.

 

[FXTechstrategy Team]

EURUSD Holds Off Lower Prices With Eyes On 1.1263 Zone

EURUSD holds off lower prices with eyes on 1,1263 zone as we enter a new week. Support comes in at the 1.1150 where a violation will turn risk to the 1.1100 level. A break below here will target the 1.1050 level. Further down, support sits at the 1.1000. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. All in all, EURUSD continues to threaten further upside pressure.

 

[FXTechstrategy Team]

EURJPY Retains Broader Downside Pressure With Eyes On 122.00 Level

EURJPY retains broader downside pressure with eyes on 122.00 level and beyond in the days ahead. Support comes in at the 121.50 level where a break if seen will aim at the 121.00 level. A cut through here will turn focus to the 120.50 level and possibly lower towards the 120.00 level. Its daily RSI is bearish and pointing higher suggesting further weakness. On the upside, resistance resides at the 123.00 level. Further out, we envisage a possible move towards the 123.50 level. Further out, resistance resides at the 124.00 level with a turn above here aiming at the 124.50 level. On the whole, EURJPY retains broader downside pressure with eyes on 122.00 level.

 

[FXTechstrategy Team]

EURUSD Holds Off The 1.1106 Key Support Zone

EURUSD holds off the 1.1106 key support zone as it looks to recover further higher. Support comes in at the 1.1150 where a violation will turn risk to the 1.1050 level. A break below here will target the 1.1000 level. Further down, support sits at the 1.0950. Conversely, on the upside, resistance resides at 1.1150 level with a break through there opening the door for further upside towards the 1.1200 level. Further up, resistance comes in at the 1.1250 level where a violation will expose the 1.1300 level. All in all, EURUSD continues to threaten further upside pressure on correction.

 

[FXTechstrategy Team]

AUDUSD Risk Continues To Point Higher On Recovery

AUDUSD risk continues to point higher on price recovery in the new week. On the upside, resistance lies at the 1.7000 level. A cut through here will turn attention to the 0.7050 level and then the 0.7100 level where a violation will set the stage for a retarget of the 0.7150 level. Its daily RSI is bullish and pointing higher suggesting more upside pressure. Support resides at the 0.6900 level where a breach will aim at the 0.6850 level. Below here will set the stage for a run at the 0.6800 level with a cut through here targeting further downside pressure towards the 0.6750 level. On the whole, AUDUSD faces further upside threats.

 

[FXTechstrategy Team]

EURGBP Looks To weaken Further Lower On Correction

EURGBP looks to weaken further lower on correction as it retains its downside pressure. On the downside, support stands at the 0.8800 level where a violation will turn focus to the 0.8750 level. A break below here will aim at the 0.8700 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.8900 level. A violation if seen will turn risk towards the 0.8950 level. Further up, resistance comes in at 0.9000 level followed by the 0.9050 level. All in all, EURGBP remains biased to the upside on more recovery